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Saturday, October 23, 2021

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Banking

RBI imposes Rs 2 cr fine on Deutsche Bank AG

The Reserve Bank of India (RBI) on Tuesday imposed a penalty of Rs 2 crore on Deutsche Bank AG for non-compliance with certain directions...

CII seeks clarity in taxation laws, simplification, lesser litigation

CII has suggested the government to bring about clarity in the taxation laws, simplification of procedures and reduction of litigation in the upcoming Union...

Need multiple bad banks to address NPA issue: CII to govt

The Confederation of Indian Industry (CII) has urged the government to consider creation of multiple bad banks to address the adverse impact of non-performing...

Fiscal and Monetary Policies at X-Roads

While some leaders, particularly the politicians cutting across party lines, have been advocating that RBI should monetize the fiscal deficit of the government in...

Business Cycles, Structural Issues and Challenges to Bharat’s Economy

Business cycles are common across the world and their pattern is mostly predictable. Whereas, structural issues are those that are caused by certain changes...

Road Map for Bharat’s Banking Reforms, a Work in Progress

In 1969, Bharatiya government nationalized 14 banks followed by another 6 banks in 1980. Along with SBI group, which had 7 banks under its...

Prompt Corrective Action Vs Politically Correct Action

Bharat’s banking sector is now getting into vicious cycle of NPA-led dip in bank profitability- weaker bank balance sheets- decline in incremental bank credit....

Bank Frauds in Bharat- Issues and Challenges

According to statistics given in the RTI query filed by economist Prasenjit Bose, total value of bank frauds where the amount involved was more...

Banks with Liability Limited by Deposits – FRDI Act

The government’s proposal to introduce the FRDI Act (Financial Resolution and Deposit Insurance Act) by including the bail in clause has led to an...

Lessons from the PNB Fraud

The recent Punjab National Bank (PNB) episode highlights the need for effective internal controls in the banking system and swift action by the regulators,...

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